The NZX saw 5 actual earnings results and 2 trading updates this week, dominated by WBC's interim results reporting modest profit growth of 1%. VGL confirmed its FY2026 revenue guidance while MEE upgraded expectations. Overall sentiment remained neutral across most announcements.
Earnings Results
Westpac Banking Corporation (WBC)
Westpac delivered a steady 1H26 result with net profit excluding notable items of $3.5 billion, up 1% on the prior corresponding period. Revenue grew 5% to $11.3 billion, supported by balance sheet growth of 7% in both loans and deposits. The bank declared a fully franked interim dividend of 77 cents per share, up 1 cent from 1H25, underpinned by a strong CET1 capital ratio of 12.4% - well above its 11.25% target.
This follows news that the financial sector has been struggling in recent trading sessions, with shares currently at $45.30, down 4.8% for the week. The bank's Australian housing portfolio grew 7% year-on-year while business lending expanded 16%, though net interest margin compression and higher impairment charges weighed on the result.
Channel Infrastructure (CHI)
Channel Infrastructure held its annual shareholders meeting with routine governance matters addressed. Shareholders approved the auditor fee authorisation with 99.84% support, demonstrating strong shareholder backing. The company's shares gained 3.3% for the week to $3.10, though no financial results were disclosed in this announcement.
Briscoe Group (BGP)
Briscoe Group conducted its annual meeting with overwhelming shareholder support for all resolutions. Directors Tony Batterton and Mark Cairns were both re-elected with near-unanimous approval, and PricewaterhouseCoopers was confirmed to continue as auditor. Shares rose 1.5% for the week to $4.68, with recent reports highlighting the retailer's higher Q4 group sales performance.
Trading Updates & Guidance
Vista Group International (VGL)
Vista Group reaffirmed its FY2026 targets with revenue guidance of $176-182 million and EBITDA margin of 18-20%. The cinema software specialist reported strong domestic box office performance with 13% growth in April 2026 and confirmed its 46% global market share in enterprise cinemas. The company expects approximately 2,000 Vista Cloud platform sites by year-end and has signed four pilot clients for its Vista Payments offering.
Shares surged 12.8% for the week to $2.12, making it one of the market's top performers as the company maintained its full-year guidance targets.
Me Today (MEE)
Me Today upgraded its FY26 guidance, expecting gross revenue to exceed $7.4 million - representing a 27% increase on FY25 and 14% above previous guidance. The beauty device company attributed the upgrade to strong New Zealand market growth, a new Southeast Asia distribution agreement covering Singapore, Malaysia, Thailand and Vietnam, plus licensing fee revenue from China. The company also reduced its expected EBITDA loss to less than $1.6 million, a 25% improvement on FY25.
This comes amid reports questioning investor support as losses continue to mount. Shares gained 4.3% for the week to 4.9 cents.
| Company | Revenue Change % |
|---|---|
| WBC | +5.0% |
Weekly Price Movers
Notable Shareholder Movements
Bourns Inc significantly increased its stake in Rakon to 97.4% from 94.7%, further consolidating its control of the timing solutions company. State Street Corporation lifted its Ventia Services holding from 6.5% to 7.5%, while Macquarie Group became a new substantial holder with a 5.2% stake. Forsyth Barr Investment Management increased its Precinct Properties position to 10.2% from 9.2%.
Looking ahead, the light reporting schedule continues as companies focus on annual meetings and governance matters ahead of the August full-year reporting season. Investors will be watching for any further guidance updates as economic conditions remain mixed.